10-Q Filing

WORLD HEALTH ENERGY HOLDINGS, INC. CIK: 943535 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-018532`
Period End Date	20230331
Filing Date	20230522
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 38 Cash Flow Statement 48 Stockholders Equity 16

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.35K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.59K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$26.04K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.36K	USD	Point-in-time
Prepaid share based payment to service providers	`PrepaidShareBasedPaymentToServiceProviders`	$27.78K	USD	Point-in-time
Prepaid share based payment to service providers	`PrepaidShareBasedPaymentToServiceProviders`	$55.56K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$141.24K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$144.91K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$354.31K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00B	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$276.51K	USD	Point-in-time
Right of use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$155.20K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	517.94B	shares	Point-in-time
Right of use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$166.88K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	516.30B	shares	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$23.68K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	517.94B	shares	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$23.05K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	516.30B	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$43.17K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	20.00B	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$45.01K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	20.00B	shares	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	$28.82K	USD	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	$28.82K	USD	Point-in-time
Investment in investee (Note 5)	`EquitySecuritiesFVNINoncurrent`	-	USD	Point-in-time
Investment in investee (Note 5)	`EquitySecuritiesFVNINoncurrent`	$152.52K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$9.69M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$9.69M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$10.10M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$9.96M	USD	Point-in-time
Total assets	`Assets`	$10.45M	USD	Point-in-time
Total assets	`Assets`	$10.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.06K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$107.98K	USD	Point-in-time
Short term operating lease liability	`OperatingLeaseLiabilityCurrent`	$57.97K	USD	Point-in-time
Short term operating lease liability	`OperatingLeaseLiabilityCurrent`	$56.43K	USD	Point-in-time
Other account liabilities	`OtherAccruedLiabilitiesCurrent`	$592.84K	USD	Point-in-time
Other account liabilities	`OtherAccruedLiabilitiesCurrent`	$621.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$787.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$741.33K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$192.11K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$180.07K	USD	Point-in-time
Long term loan from parent company	`OtherLiabilitiesNoncurrent`	$2.01M	USD	Point-in-time
Long term loan from parent company	`OtherLiabilitiesNoncurrent`	$2.01M	USD	Point-in-time
Long term operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$96.10K	USD	Point-in-time
Long term operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$82.95K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$872.46K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$872.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesNoncurrent`	$3.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesNoncurrent`	$3.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.95M	USD	Point-in-time
Common stock, par $0.00001, 750,000,000,000 shares authorized as of March 31, 2023 and December 31, 2022. 517,942,741,330 and 516,302,741,330 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$67.12M	USD	Point-in-time
Common stock, par $0.00001, 750,000,000,000 shares authorized as of March 31, 2023 and December 31, 2022. 517,942,741,330 and 516,302,741,330 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$67.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-37.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-40.61M	USD	Point-in-time
Treasury stock at cost 20,000,000,000 shares of common stock	`TreasuryStockValue`	$8.00M	USD	Point-in-time
Treasury stock at cost 20,000,000,000 shares of common stock	`TreasuryStockValue`	$8.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.88K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.61K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.04M	USD	Point-in-time
Total Companys stockholders equity	`StockholdersEquity`	$2.47M	USD	Point-in-time
Total Companys stockholders equity	`StockholdersEquity`	$2.75M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$3.80M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$3.82M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.55M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$10.23M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$10.45M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.34K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.54K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$123.51K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$502.94K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	-	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$26.67K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.55M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.48M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.64M	USD	1 Quarter
Financing income, net	`OtherNonoperatingIncomeExpense`	$3.30K	USD	1 Quarter
Financing income, net	`OtherNonoperatingIncomeExpense`	$4.89K	USD	1 Quarter
Loss before equity in net loss of equity investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.48M	USD	1 Quarter
Loss before equity in net loss of equity investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.64M	USD	1 Quarter
Less: Equity in net loss of equity investments	`IncomeLossFromEquityMethodInvestments`	$-477.00	USD	1 Quarter
Less: Equity in net loss of equity investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.64M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.48M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-13.01K	USD	1 Quarter
Net loss attributable to the Companys stockholders	`NetIncomeLoss`	$-1.64M	USD	1 Quarter
Net loss attributable to the Companys stockholders	`NetIncomeLoss`	$-2.46M	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of shares outstanding used in computing basic and diluted net loss per share	`WeightedAverageNumberOfSharesOutstandingBasic`	489.48B	shares	1 Quarter
Weighted average number of shares outstanding used in computing basic and diluted net loss per share	`WeightedAverageNumberOfSharesOutstandingBasic`	516.81B	shares	1 Quarter
Net loss	`ProfitLoss`	$-1.64M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.48M	USD	1 Quarter
Other comprehensive loss - Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive loss - Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-2.27K	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.48M	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.64M	USD	1 Quarter
Net - loss attributable to equity investments	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-13.01K	USD	1 Quarter
Net - loss attributable to equity investments	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Other comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.22K	USD	1 Quarter
Comprehensive loss attributable to the Companys stockholders	`ComprehensiveIncomeNetOfTax`	$-1.64M	USD	1 Quarter
Comprehensive loss attributable to the Companys stockholders	`ComprehensiveIncomeNetOfTax`	$-2.47M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-1.64M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-2.48M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$4.27K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.92K	USD	1 Quarter
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.11K	USD	1 Quarter
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.04K	USD	1 Quarter
Equity in losses of non-consolidated entity	`IncreaseDecreaseInEquityInLosses`	$477.00	USD	1 Quarter
Equity in losses of non-consolidated entity	`IncreaseDecreaseInEquityInLosses`	-	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.24M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.43M	USD	1 Quarter
Decrease in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-3.01K	USD	1 Quarter
Decrease in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.74K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.75K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.68K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.57K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.99K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.92K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-369.00	USD	1 Quarter
Decrease in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.39K	USD	1 Quarter
Decrease in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-40.18K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-230.52K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-282.47K	USD	1 Quarter
Loans repaid by (granted to) related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$1.53K	USD	1 Quarter
Loans repaid by (granted to) related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-1.73K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.11K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.82K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.58K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.55K	USD	1 Quarter
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$60.00K	USD	1 Quarter
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$284.00K	USD	1 Quarter
Proceeds on account of shares	`ProceedsOnAccountOfShare`	$-325.00K	USD	1 Quarter
Proceeds on account of shares	`ProceedsOnAccountOfShare`	$-290.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$574.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$385.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.29K	USD	1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$339.94K	USD	1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$99.24K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.35K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.59K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$385.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.02K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.35K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.59K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$385.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.02K	USD	Point-in-time
Issuance of share in exchange for debt	`IssuanceOfShareInExchangeForDebt`	$144.00K	USD	1 Quarter
Issuance of share in exchange for debt	`IssuanceOfShareInExchangeForDebt`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.28M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.27M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.55M	USD	Point-in-time
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$529.00K	USD	1 Quarter
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$284.00K	USD	1 Quarter
Share-based payment to employees and services providers	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.31M	USD	1 Quarter
Share-based payment to employees and services providers	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.22M	USD	1 Quarter
Proceeds on account of shares	`StockIssuedDuringProceedsOnAccountOfShares`	$290.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.64M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.48M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeOtherNetOfTax`	$-3.49K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.28M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.27M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.55M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.